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"Like Malaysia, we in Hong Kong believe that a first class physical infrastructure is the key to continued prosperity and success. We are ourselves investing billions in our new airport and related projects," said Mr Tsang.
He said there were many areas in which Hong Kong and Malaysia had seen close co-operation between their business communities.
"Hong Kong is an important gateway for trade between Malaysia and China. Trade between the two countries that were routed through Hong Kong jumped by 62 per cent to HK$13.8 billion in 1995," he said.
Mr Tsang said bilateral trade between Malaysia and Hong Kong has grown rapidly over the years and in 1995, was worth some HK$41 billion, representing an impressive increase of 40 per cent over 1994.
"Malaysia is Hong Kong's 11th largest trading partner and 10th largest source of imports. On the other hand, Hong Kong is now Malaysia's sixth largest trading partner and fourth largest market," he said.
Mr Tsang was leading a 62-member delegation to visit Kuala Lumpur, Singapore and Bangkok to strengthen business ties and identify opportunities for building strategic partnership with them. Kuala Lumpur is the first leg of the visit.
He called on the Deputy Minister of Trade and Industry, Y B Mr Kerk Choo Ting, and Secretary General of Ministry of Finance, Tan Sri Clifford Herbert this morning. He also met the media.
He will attend a dinner hosted by the Hong Kong Bank Malaysia Berhad during which he will meet top business leaders, politicians and government officials.
Mr Tsang will visit the Kuala Lumpur Stock Exchange tomorrow (Thursday) and called on the Governor of Bank Negara before he departs for Singapore in the late afternoon.
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